EDP's profit rises 22% to 1.191 million euros by September

EDP reported a profit of €1.191 billion for the first nine months of this year, marking a 22% increase compared to the same period last year. This growth is attributed to strong contributions from renewable energy, higher asset rotation gains, and the upcoming regulatory periods for electricity networks in the Iberian Peninsula starting in 2026. The net result reached €1.194 billion, up 25% year-on-year, while recurring EBITDA rose 11% to €4.166 billion. However, net debt increased by 9% to €16.8 billion, influenced by investment plans and organic cash flow generation, partially offset by asset rotation gains and an annual dividend payment of €848 million.